Agroland, a company developed by entrepreneur Horia Cardos, which owns a chain of supermarkets catering to farmers, has taken over egg and chicken producer Avicola Mihailesti consisting of six farms on 30 hectares in southern Romania.
Jacobs Douwe Egberts Ro, the local subsidiary of the group by the same name, posted 396.6 million lei (EUR83.7 milion) revenue in 2019, an increase of about 5% on the previous year, ZF has calculated from Finance Ministry data.
Construction company Asfalt Dobrogea based in Constanta has invested 21 million lei in 2020, with a third of the money going towards boosting asphalt production capacity. The company posted RON113 million revenue last year, almost four times more than in 2018, as well as almost RON18 million profit.
Construction materials manufacturer Celco (Constanta) has invested 5 milion lei in production of autoclaved cellular concrete (ACC) to improve the efficiency of use of this material.
Romania’s real estate investment market reached nearly EUR820 million in January-September 2020, higher by 45% than in the year-earlier period and by 27% versus 2019, being the best three quarters of the past decade, of which office assets made up over 90%, per data from real estate consulting firm Colliers International.
The appraisal team of real estate consulting firm Cushman & Wakefield Echinox expects to appraise properties worth a total EUR4.2 to EUR4.5 billion by the end of 2020, slightly higher than in 2019.
Carmaker Dacia has announced the launch of the Duster Pick-up version, developed in collaboration with local company Romturingia, whose core activity is the production of bodywork for vehicles.
OLX Group, present in Romania with the Olx, Storia and Autovit.ro brands, plans to acquire KIWI Finance, the largest loan brokerage company on the Romanian market, which currently is part of the portfolio of Swedish private equity firm Oresa.
UK’s PayPoint, operator of cash payments and electronic recharging services, has signed an agreement with Innova Capital to sell its Romanian business, within a transaction estimated at nearly £47 million.
Romanian airline Blue Air on Wednesday announced it will introduce 13 new routes from the Cluj international airport to European destinations starting March 2021.
Employees in Cluj are the best paid in Romania in 2020 for the second year in a row, earning 10% above the overall market, followed by employees in Bucharest (+4%) and Ploiesti (+1%), the Mercer – Total Remuneration Survey showed Wednesday.
Lending to agriculture sector rose by 12.4% at the end of August 2020 compared with the year-ago month, tripled the total private lending growth rate, Romania’s central bank data show.
Zoppas Industries, which operates a plant in Timisoara in Romania, posed 792 million lei revenue last year, flat on 2018, publicly available data show.
The number of construction permits issued for apartment buildings every year has tripled in the past decade, while the number of construction permits for houses fell by 4%, the data centralized by ZF from National Statistics Institute figures show.
Romanian state-owned hydropower producer Hidroelectrica on Tuesday said it completed modernization works and is going to commission the 110kV transformer stations belonging to Voila and Vistea hydropower plants.
Romania's three-month ROBOR index, the interbank interest rate used as a reference to calculate variable interests for loans in lei, grew to 2.14% a year on Tuesday (October 20).
The property investment market in Romania exceeded EUR738 million in the first nine months of 2002, 31% higher compared with the same period in 2019, and office transactions accounted for nearly 93% of the investment volume, Crosspoint Real Estate said in a market report released Tuesday.
Polish Smyk Group, specialized in selling children’s products, will be opening a new store, in central city of Brasov, on October 21, reaching a 21-unit network in Romania.
Rio Bucovina, soft drinks and snacks wholesaler, part of Polish group Maspex, has expanded its warehousing space in the biggest logistics park in southeast Romania, Constanta Business Park, developed by Global Vision and Globalworth.
Transport and logistics operator Maracana has rented 4,100 square meters of logistic space in Ploiesti and Constanta besides spaces in Timisoara and Cluj.